Latest quarter
SharkNinja reported Q2 FY2026 revenue of $1.8 billion, above the consensus estimate of $1.6 billion. Adjusted earnings per share were $1.26, compared with the consensus estimate of $1.10. Revenue rose 22.2% from a year earlier, while diluted earnings per share fell to $0.92 from $0.98.
The company’s filing attributed sales growth to all four major appliance categories. It said cooking and beverage sales grew with demand for the Ninja Luxe Café espresso machine and Ninja Crispi, while skincare and fans helped beauty and home environment sales grow. International sales grew as the company expanded core categories into new markets, according to the filing.
Gross margin fell to 48.7% from 49.0%, which the company attributed primarily to US tariffs, unfavorable currency movements and increased retailer activations. SharkNinja said cost optimization and changes in its category and channel mix partly offset those pressures. Operating margin fell to 10.2% from 11.7%. Free cash flow was $378.8 million, compared with −$36.7 million a year earlier.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $1.8 billion | $1.4 billion | 22.2% |
| Diluted EPS | $0.92 | $0.98 | −6.12% |
| Gross margin | 48.7% | 49.0% | −0.3 percentage points |
| Operating margin | 10.2% | 11.7% | −1.5 percentage points |
| Free cash flow | $378.8 million | −$36.7 million | — |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $1.26 | $1.10 | Beat by 14.5% |
| Revenue | $1.8 billion | $1.6 billion | Beat by 7.70% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
The latest earnings call is not available, so management’s call commentary and analysts’ questions cannot be reported.
Guidance
SharkNinja raised its FY2026 net sales growth outlook to 16.0% to 17.0% from its previous forecast. The company also raised its forecast for adjusted net income per diluted share to $6.45 to $6.55 and increased its adjusted EBITDA outlook.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| Capex | FY2026 | $190.0 million–$210.0 million | — | New |
| Tax rate, GAAP | FY2026 | 22.0%–23.0% | — | New |
| EBITDA, non-GAAP | FY2026 | $1.4 billion–$1.4 billion | — | New |
| EPS, non-GAAP | FY2026 | $6.45–$6.55 | — | New |
| Revenue growth | FY2026 | 16.0%–17.0% | — | New |